Pamela Passman, the Center for Responsible Enterprise and Trade’s (CREATe.org) founder and CEO joined a panel of experts on April 18th at the Brookings Institution on Building Trust in the Global Supply Chain. The event focused on the information and communication technology (ICT) industry.
Panelists discussed ways in which businesses can mitigate the threats from malware, tainted products, and counterfeits throughout their global supply chains. Many of the experts agreed that a holistic and comprehensive approach to supply chain security includes the sharing of best practices and continual improvement of business processes.
Edna Conway, Chief Security Strategist, Global Value Chain at Cisco Systems, Inc. called for a three-dimensional approach including logical security processes, security technology products, and physical security practices. Passman reinforced that businesses need to engage with their suppliers in order to share best practices in these areas and help members of the supply chain mature their practices.
Darrell M. West, Vice President and Director of Global Governance at Brookings, released today Twelve Ways to Build Trust in the ICT Global Supply Chain which expands on these ideas. Some of his recommendations include:
- Rely on independent assessments ;
- Develop integrated management tools;
- Improving information sharing ; and
- Develop standards to improve performance
CREATe Leading Practices for Intellectual Property Protection and Anti-Corruption Prevention is a practical and scalable tool that helps businesses engage with their supply chain partners on all of these recommendations. The three-step process includes a self-assessment, independent evaluation, and improvement guide to help benchmark and improve business processes across a variety of management systems including policies, procedures, risk management, and others. To find out more, e-mail firstname.lastname@example.org.